MAKING HEADWAY FOUNDATION INC (EIN 133906297) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DANIEL LIPKA

Phone

9144238838

Tax Period

2023-01-01 to 2023-12-31

MAKING HEADWAY FOUNDATION INC, founded in 1996, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

WHEN A CHILD IS DIAGNOSED WITH A BRAIN OR SPINAL CORD TUMOR, THE WHOLE FAMILY NEEDS A SPECIAL KIND OF CARE AND SUPPORT. MAKING HEADWAY FOUNDATION WAS CREATED IN RESPONSE TO THIS NEED. OUR HUMANISTIC SUPPORT PROGRAMS SUPPORT CHILDREN AND THEIR FAMILIES FROM DIAGNOSIS THROUGH TREATMENT AND BEYOND. THE FOUNDATION IS ALSO COMMITTED TO FUNDING MEDICAL RESEARCH SO BETTER TREATMENTS AND CURES BE FOUND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $943,189

Program Service Revenue $0

Investment Income $99,347

Other Revenue $0

TOTAL REVENUE $1,042,536

Expense Breakdown

Grants Paid $319,574

Salaries & Benefits $309,740

Fundraising Expenses $58,738

Program Expenses $1,106,682

Other Expenses $668,881

TOTAL EXPENSES $1,298,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,042,536	$1,058,416	0.0%
Expenses	$1,298,195	$1,233,162	+0.1%
Net Income	$-255,659	$-174,746	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT GREENBAUM	Vice-Chair/fdr	4.00	Officer Director	$0	$0	$0
EDWARD MANLEY	Chairman & Fdr	2.00	Officer Director	$0	$0	$0
MAYA MANLEY	Founder	3.00	Officer Director	$0	$0	$0
ELISA GREENBAUM	Chair	5.00	Officer Director	$0	$0	$0
SAM SCHWARTZ	Vice President	2.00	Officer Director	$0	$0	$0
GREG TAUBIN	Director	2.00	Director	$0	$0	$0
SUSAN RUBIN ESQ	Director	2.00	Director	$0	$0	$0
DAVID ALMEIDA	Treasurer	2.00	Officer Director	$0	$0	$0
CHARLIE McMAHON	Director	2.00	Director	$0	$0	$0
AUDREY MANLEY	Secretary	2.00	Officer Director	$0	$0	$0
JEFFREY ALLEN MD	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,042,536	$1,298,195	$4,189,209	$-255,659
2022	$1,058,116	$1,233,162	$4,422,566	$-175,046
2021	$1,190,041	$1,277,129	$4,759,169	$-87,088
2020	$1,004,906	$1,551,301	$5,028,774	$-546,395
2019	$1,001,930	$1,292,099	$5,425,202	$-290,169
2018	$1,194,548	$1,220,722	$5,686,106	$-26,174

MAKING HEADWAY FOUNDATION INC